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productivity. It is found that changes in the relative price of tradable goods in terms of nontradables account for a sizable … behavior of the relative price of tradable goods, especially in the long run. There is also some evidence that the EMS has … extended on relative price behavior …
Persistent link: https://www.econbiz.de/10014396038
This paper examines the evolution of the relative price between tradable and nontradable goods in a group of European … price of nontradable goods. These factors are: (a) faster technological progress in the tradable goods sector; (b) demand …
Persistent link: https://www.econbiz.de/10014396071
, or correctly defined, shadow prices. We show how shadow prices may be integrated into an analysis of tax and price reform …
Persistent link: https://www.econbiz.de/10014396134
determines the relative price of investment, can affect the investment rate and the permanent growth rate of the economy. The …
Persistent link: https://www.econbiz.de/10014398005
. Even when individual prices and outputs are correctly measured, however, shifts in relative prices consequent to price …
Persistent link: https://www.econbiz.de/10014398096
eliminate supply rents, price liberalization may be accompanied by substantial output losses. A role for tax policy in limiting …
Persistent link: https://www.econbiz.de/10014398133
Financial network analysis is used to provide firm level bottom-up holistic visualizations of interconnections of financial obligations in global OTC derivatives markets. This helps to identify Systemically Important Financial Intermediaries (SIFIs), analyse the nature of contagion propagation,...
Persistent link: https://www.econbiz.de/10014395549
Prices in futures markets and option markets reflect expectations about future price movements in spot markets, but …
Persistent link: https://www.econbiz.de/10014395868
-balance-sheet activities. This paper provides measures of leverage implicit in derivative contracts by decomposing the contracts into cash …
Persistent link: https://www.econbiz.de/10014398157
Chile offers an example of a country that has overcome the fear of floating by reducing balance sheet mismatches, enhancing financial market development, as well as improving monetary, fiscal, and political institutions, and strengthening policy credibility. Under the floating regime, Chile's...
Persistent link: https://www.econbiz.de/10012252010